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May 29: Cedi finishing day at GHS15.02 to $1 on selling rates, GHS14.02 on BoG interbank

CediRates Spotlight May 29: Cedi finishing day at GHS15.02 to $1 on selling rates, GHS14.02 on BoG interbank
WED, 29 MAY 2024 LISTEN

The Ghanaian cedi has depreciated against the US dollar in both the buying and selling rates, declining by 2 pesewas in buying value and by 4 pesewas in selling value.

The buying rate as of 5:30 pm on Wednesday, May 29, 2024, is GHS14.36, while the selling rate is also being offered at GHS14.98.

This is based on data provided by Cedirates.com, a well-known Ghanaian website for currency and fuel updates.

The Cedi is trading at GHS14 on purchasing rate and GHS14.02 selling price at interbank rates against the US dollar.

In comparison to the rates on Tuesday, the British Pound Sterling increased by 7 pesewas in value on the buying rate and by 8 pesewas on the selling rate against the Cedi.

The buying and selling rates of the British Pound Sterling are, on average, GHS18.19 and GHS19.07, respectively.

The Euro has increased in value by 2 pesewas on the buying rate and by 6 pesewas on the selling rates against the cedi.

The purchasing and selling rates for the euro are GHS15.44 and GHS16.25, respectively.

The selling price of the pound sterling on the Bank of Ghana interbank market is GHS17.92, 13 pesewas increment from the previous rate.

The euro is currently selling at GHS15.25 on the interbank market, 11 pesewas rise from the previous rate.

Through LemFi and Afriex, people can send money to Ghana from the US or the UK at GHS14.20 and GHS13.95 respectively, for each dollar.

The two money transfer sites are offering buying and selling rates of GHS18.10 and GHS18.52 for the British Pound, respectively.

The only one of the two that updated euro rates on Wednesday, Afriex, is selling GHS15.02 for €1.

For those who will be renewing their Netflix, Spotify or Apple Music subscriptions through Visa and Mastercard, both payment processors are offering a US dollar for GHS15.75 and GHS15.72, respectively.

Isaac Donkor Distinguished
Isaac Donkor Distinguished

News ReporterPage: IsaacDonkorDistinguished

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